Profile: LendingTree Inc (TREE.OQ)
LendingTree, Inc. (LendingTree), incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company's online marketplace provides consumers with access to product offerings from various lenders (which it refers to as Network Lenders), including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit-based offerings. The Company offers its products in categories, including mortgage products and non-mortgage products.
The Company's mortgage products category includes its purchase and refinance products. The Company partners with lenders throughout the United States to provide geographic lending coverage and to offer a suite of loan offerings on its marketplace. Consumers seeking mortgage loans through its loan marketplace can receive multiple conditional loan offers from participating lenders in response to a single loan request form. The Company refers to the process by which it matches consumers and Network Lenders as the matching process. This matching process consists of steps, including loan request, loan request form matching and transmission, lender evaluation and response, communication of a conditional offer, loan processing, and ongoing consumer and lender support. The Company also offers consumers an alternative short-form matching process, which provides them with lender contact information rather than conditional offers from Network Lenders. The Company's LoanExplorer, is a rate table loan marketplace, where consumers can enter their loan and credit profile, and view real-time rates from lenders without entering their contact information. Consumers have the option of calling lenders directly, clicking through to lender's Websites or sending data requests for lenders to follow up with them directly.
The Company's non-mortgage products include lending products and other products. Its lending products on its online marketplace include information, tools and access to multiple conditional loan offers for auto, credit cards, home equity loans and lines of credit, personal loans, reverse mortgage loans, small business loans and student loans. Its other products include information, tools and access to credit repair, debt relief services, home improvement services, personal credit data, real estate brokerage services and various consumer insurance products. The Company's auto loan includes its auto refinance and purchase loan products. Its auto loans enable consumers to purchase vehicles or refinance an existing loan secured by an automobile. Its credit cards include offerings from card issuers. Its home equity loans and lines of credit enable home owners to borrow against the equity in their home, as measured by the difference between the market value of the home and any existing loans secured by the home. Its home equity loans are one-time lump sum loans, whereas a home equity line of credit reflects a line of revolving credit where the borrower has flexibility to draw down and repay the line over time. Its personal loans are unsecured obligations carrying shorter terms and smaller loan amounts than home mortgages. Its reverse mortgage loans are a loan product available to homeowners of age 62 or older. Its small business loans include a range of financing types, including loans secured by working capital, equipment, real estate and other forms of financing, provided to small and medium-sized businesses.
The Company's student loans include loans to finance an education and related expenses, as well as refinancing of existing loans. Its credit repair allows consumers to obtain assistance improving their credit profiles, in order to expand and improve loan and other financial product opportunities available to them. Its debt relief services allow consumers to obtain assistance negotiating existing loans. Its home improvement services allows consumers to research and find home improvement professional services. Its personal credit data allows consumers to gain insights into how prospective lenders and other third parties view their credit profiles. Its real estate brokerage services allow consumers to be matched with local realtors assisting them in their home purchase or sale efforts. Its consumer insurance products include home and automobile, through which consumers are matched with insurance lead aggregators to obtain insurance offers.
11115 Rushmore Dr
CHARLOTTE NC 28277-3442